New York, 28 August 2012 – The World Economic Forum announced today its latest selection of Technology Pioneers, consisting of 23 of the world’s most innovative technology start-ups. These industry-changing companies are being recognized for their potential to transform the future of business and society. Their achievements will be honoured at the Forum’s Annual Meeting of the New Champions 2012 in Tianjin, People’s Republic of China, from 11-13 September.

This year’s Technology Pioneers were selected for their visionary leadership and proven technology in the areas of information technology, telecommunications and new media, life sciences and health, and energy and environment. They include companies that are leaders in the next generation of conformal electronics, energy-saving products and eye-tracking.

“These companies are more than pioneering the way we use technology; they are transforming how we as a society are growing and interacting with each other,” said Silvia von Gunten, Head of Technology Pioneers at the World Economic Forum. “They are also providing new opportunities for people to harness the potential of technology.”

Technology Pioneers are chosen based on their innovation, potential impact, growth and sustainability, proof of concept and leadership. Since the Forum launched the programme in 2000, more than 500 innovative companies from around the world have been selected as Technology Pioneers. Among them, about 75% are still independent and 25% have been acquired by industry leaders.

Each year the World Economic Forum chooses 23-35 new Technology Pioneers from hundreds of applicants. Candidate companies are nominated by Members, constituents and collaborators of the World Economic Forum, and by the public. A selection committee, comprised of top technology and innovation experts, academics and venture capitalists, reviews all applications before making its recommendation to the World Economic Forum.

The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.

Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations (www.weforum.org).